Entergy Corporation (ETR) Raises FY11 Guidance and Posts Preliminary Q3 Results Ahead of Consensus

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Entergy Corporation (NYSE: ETR) today indicated that it expects third quarter 2011 as-reported and operational earnings of approximately $3.52 per share. Results for third quarter 2010 were $2.62 per share on an as-reported basis and $2.76 per share on an operational basis. Entergy also updated its earnings guidance for 2011 to be in the range of $7.15 to $7.65 per share. The consensus for EPS for Q3 and FY11 is $2.52 and $6.66.

As a result of the Internal Revenue Service and LPSC settlements discussed above, Entergy revised its 2011 as-reported and operational earnings guidance to a range of $7.15 to $7.65 per share. Entergy's previous guidance range was $6.35 to $6.85 per share on both an as-reported basis and operational basis.

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